Jarrod Johnson Sells 11,406 Shares of TaskUs (NASDAQ:TASK) Stock

TaskUs, Inc. (NASDAQ:TASK) insider Jarrod Johnson sold 11,406 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $6.89, for a total value of $78,587.34. Following the transaction, the insider directly owned 25,130 shares in the company, valued at $173,145.70. The trade was a 31.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jarrod Johnson also recently made the following trade(s):

• On Wednesday, April 1st, Jarrod Johnson sold 25,000 shares of TaskUs stock. The shares were sold at an average price of $6.78, for a total value of $169,500.00.

TaskUs Stock Performance

TASK stock opened at $6.94 on Friday. TaskUs, Inc. has a 1-year low of $6.20 and a 1-year high of $18.39. The business has a 50-day moving average price of $10.05 and a 200 day moving average price of $12.01. The company has a market capitalization of $628.49 million, a P/E ratio of 6.25 and a beta of 2.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.12 and a quick ratio of 3.12.

TaskUs (NASDAQ:TASK) last issued its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. The company had revenue of $312.96 million for the quarter, compared to analysts’ expectations of $303.68 million. TaskUs had a net margin of 8.64% and a return on equity of 22.52%. As a group, equities research analysts forecast that TaskUs, Inc. will post 0.9 EPS for the current fiscal year.

TaskUs Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a dividend of $3.65 per share.

Institutional Investors Weigh In On TaskUs

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP purchased a new position in TaskUs in the third quarter worth $17,796,000. Qube Research & Technologies Ltd acquired a new stake in shares of TaskUs in the 2nd quarter worth $16,325,000. Irenic Capital Management LP acquired a new stake in shares of TaskUs in the 4th quarter worth $11,253,000. Dalton Investments Inc. purchased a new position in TaskUs during the 4th quarter worth $11,174,000. Finally, Calamos Advisors LLC purchased a new position in TaskUs during the 4th quarter worth $8,549,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TASK. Morgan Stanley reduced their price objective on shares of TaskUs from $16.50 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Royal Bank Of Canada cut their price target on TaskUs from $17.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday, February 26th. Piper Sandler lowered TaskUs to a “neutral” rating in a research report on Friday, February 27th. Wedbush decreased their price objective on TaskUs from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Finally, Wall Street Zen downgraded TaskUs from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.25.

About TaskUs

TaskUs, Inc is a leading provider of outsourced digital customer experience and business process solutions, specializing in high-touch services for technology and digital-native companies. The firm delivers a range of offerings including customer care, content moderation, trust and safety monitoring, back-office processing and AI operations support. By combining technology-driven platforms with human-centric workflows, TaskUs helps clients optimize operational efficiency and maintain brand integrity across digital channels.

The company was founded in 2008 by Jaspar Weir and Bryce Maddock with the goal of reimagining traditional outsourcing through a focus on culture, technology and innovation.